Airbus Targets 720 Plane Deliveries on Resurgent Air Travel Demand
16 Fevereiro 2023 - 3:28AM
Dow Jones News
By Mauro Orru
Airbus SE expects to deliver more commercial aircraft this year
than in 2022 as it seeks to cash in on resurgent demand for air
travel after years of travel restrictions and border closures.
The European plane maker said Thursday that it aims to deliver
roughly 720 planes to customers this year. The company delivered
661 aircraft in 2022, below the 720 target it had originally set
out due to supply-chain snags.
"The company had to adjust its operations accordingly, which led
to lower commercial aircraft deliveries than originally planned. We
are adapting our production to match supply," Chief Executive
Guillaume Faury said.
The company had plans to lift narrow-body production to 75
aircraft a month by the middle of the decade, but it is now
targeting a monthly rate of 65 by the end of 2024 and 75 in
2026.
Airbus posted revenue of 20.64 billion euros ($22.06 billion)
for the fourth quarter of 2022, up from EUR16.99 billion the
previous year.
Adjusted earnings before interest and taxes--a key profitability
metric--climbed to EUR2.15 billion from EUR1.50 billion for the
quarter.
Quarterly reported net profit increased to EUR1.68 billion from
EUR1.58 billion, bringing profit for the year to EUR4.25 billion,
up 1%.
Airbus was expected to report revenue of EUR20.44 billion,
adjusted earnings of EUR1.95 billion and profit of EUR1.34 billion
for the fourth quarter, according to a company-provided consensus
that gathered estimates from 23 analysts.
The company said it will propose a EUR1.80 per share dividend
for 2022, above the EUR1.50 a share it paid for the previous
year.
For 2023, Airbus expects adjusted earnings of around EUR6
billion. Free cash flow before mergers and acquisitions and
customer financing--another closely watched metric by analysts and
investors--should come in at around EUR3 billion.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
February 16, 2023 01:13 ET (06:13 GMT)
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